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Josephinum Financial Aid Program

Realistic financial planning is an essential element of an educational experience. Due to the rising cost of education, it has become increasingly difficult for many students to provide the funds necessary for their higher education.

With this in mind, the primary purpose of the Financial Aid Program is to assist qualified students with limited financial resources to attend. The Pontifical College Josephinum offers a wide variety of scholarships, grants, loans, and work opportunities to new and continuing students. Federal funds are, by statute, awarded solely on the basis of financial need as determined by a federally approved needs analysis system. These funds are available to as many qualified students as funding will allow. The Josephinum will work with each student and their family to assess individual need and to create a financial aid package which will assist every qualified candidate to participate in our program.

FINANCIAL AID APPLICATION PROCESS

To receive any type of federal, state or institutional financial assistance at the Pontifical College Josephinum, you must complete the financial aid application process. This process begins with completing the PCJ financial aid application and the Free Application for Federal Student Aid (FAFSA).

Be sure to read all financial aid information carefully. Note that there are deadlines for applying for financial aid (see the section below titled Filing Deadlines. Filing early may mean better availability of funds.

Follow these five simple steps to apply for financial aid:

STEP 1: File the PCJ Application

The PCJ financial aid application should be completed and returned to the Financial Aid Office at the address provided below. This form asks what types of financial aid you are interested in, what outside resources you have available to help pay for your education, as well as other important demographic information. This information assists the Financial Aid Office in the awarding process.

Print a PCJ financial aid application

STEP 2: File the FAFSA

File the FAFSA form using FAFSA on the Web at www.fafsa.ed.gov. FAFSA on the Web is an easy to use Internet application developed by the Department of Education that:
· Can be used on a personal computer or Macintosh computer;
· Does not require you to download or install software; and
· Contains edits that help prevent mistakes!

To complete the FAFSA, you and your parents will need your 2012 federal tax information. You will also need our school code, 003113. By providing this code on your FAFSA, you authorize the Josephinum to receive the results of your completed application. A Personal Identification Number (PIN) is required to complete a FAFSA on the Web. See STEP 3: Apply for a PIN for instructions.

NOTE: AVOID MAKING ERRORS ON THE FAFSA!
When completing the FAFSA, as well as any other application materials, you should be extremely careful. Data errors or omissions made while completing the FAFSA may delay the processing of your application and even result in the loss of financial aid funds.

There are certain areas of the FAFSA where families tend to make the most mistakes. Be sure to pay particular attention to the instructions when reporting divorced or remarried parent information, income earned by your parents, untaxed income, U.S. federal income taxes paid, household size, and net worth of investments and real estate.

File early for better availability of funds.

STEP 3: Apply for a PIN

To complete your FAFSA using FAFSA on the Web, you must have a Personal Identification Number, or PIN. Your PIN serves as your electronic signature. If your parents provide their information on your FAFSA they can also sign the form electronically by obtaining a PIN. Here's how:

Go to www.pin.ed.gov. You (and your parent) will be asked to provide your/their name, social security number, date of birth, mailing address, and email address (if applicable). If you supply an email address, you will also be asked to supply a password. If you provide an email address you will receive an email that gives you a web address where you can obtain your PIN. You will need your password to access this web address! Of course, if you don't provide an email address, your PIN will simply be sent to you in the mail.

STEP 4: Review Your Student Aid Report

If you provided a valid e-mail address the results of your FAFSA form will be made available to you electronically. If you did not provide an e-mail address the results will be mailed to you in the form called the Student Aid Report or SAR. When you receive the Student Aid Report, review the information carefully for accuracy. If you need to make a change to the information you may submit the corrections at www.fafsa.ed.gov. Note that you must have a PIN to make corrections on the Web. Alternatively, you may send the corrected and signed Student Aid Report to the Josephinum Financial Aid Office and the corrections will be submitted for you.

STEP 5: Follow Up!

Contact the Financial Aid Director at PCJ to make sure you have completed all of the necessary paperwork to be considered for financial assistance. The Financial Aid Director will contact you via an award letter when your awards have been determined.

Filing Deadlines
The application period for the 2013-2014 award year has already begun! The sooner you file your financial aid forms, the sooner an award notification letter can be sent to you. In addition, filing early may mean better availability of financial aid funds. The last day to submit financial aid application forms for the 2013-2014 award year is September 9, 2013.

FINANCIAL AID PROGRAMS

The Pontifical College Josephinum offers a variety of financial aid programs to help students and their families meet the cost of education. The Net Price Calculator provides an estimate of the cost of attendance.  The following program descriptions provide general information and eligibility criteria. For more detailed information on the federal aid programs, please refer to one of the U. S. Department of Education's publications, "The Student Guide" or "Funding Your Education". These publications are available on line via the Department's Web site at www.ed.gov/studentaid. Printed copies of these publications are available in the PCJ Financial Aid Office. For questions regarding any state aid or institutional aid program please contact the PCJ Financial Aid Office for assistance.

FEDERAL AID

Federal Work-Study Program
The Federal Work-Study (FWS) program provides jobs on campus for students who file the FAFSA and demonstrate financial need. Qualified students are placed in suitable positions (clerical, maintenance, kitchen, library, etc.) for at least minimum wage. Students may work a maximum of 20 hours per week while school is in session. Paychecks are distributed monthly to assist with personal and living expenses. No advances are given.

Federal Pell Grant Program
This grant is awarded only to undergraduate students who have not earned a bachelor or professional degree. The 2013-2014 maximum grant amount is $5,645. Pell grant awards can be used for any educational-related expenses. (Undergraduates Only)

Federal Supplemental Educational Opportunity Grant (FSEOG)
The FSEOG is a grant awarded first to those students receiving a Pell grant then to those students with the lowest family contribution. The FSEOG can range from $700 to $1,400 and can be used for any educational-related expenses. (Undergraduate only)

Federal Perkins Loan
Funds up to $4,000 per year for undergraduate students ($20,000 maximum aggregate) and up to $6,000 per year for graduate students ($40,000 maximum aggregate) are provided jointly by the college and the federal government to make long-term, low-interest (5%) loans to students with financial need. Loans are generally contingent on levels of funding. The general provisions are
1. At least half-time attendance is required;
2. No interest accrues while the student is in school;
3. Repayment begins nine months after the student ceases to be at least a half- time student, and interest begins to accrue at five percent per year for a maximum of ten years;
4. any funds received through this program are required to be repaid;
5. repayment is deferred as long as the borrower maintains half-time status in an institution of higher learning;
6. other deferment of payment may be granted under special circumstances.
7. new Perkins borrowers are required to complete an Entrance Interview before their funds can be released;
8. an Exit Interview is required when a student borrower fails to maintain at least half time enrollment or upon graduation.

FEDERAL DIRECT LOAN
The Pontifical College Josephinum participates in the William D. Ford Federal Direct Loan (Direct Loan) Program. Students and parents who previously received loans through the Federal Family Education Loan (FFEL) Program will now borrow through the Direct Loan Program.  The Direct Loan Program offers the same types of loans as the FFEL Program and Direct Loans generally have the same terms and conditions as FFEL Program loans. The U.S. Department of Education lends the money directly to students and parents through the Josephinum . 
Direct Loans and FFEL Program loans have the same annual and aggregate loan limits, and repayment is deferred while attending at least half time. 
Current loan limits per academic year are indicated below. (*Note: the maximum "unsubsidized" amount applies to Independent Students and Dependent Students whose parents cannot borrow from the PLUS loan program.)

Freshman
Subsidized: $3,500
Unsubsidized: $2,000 - $6,000*

Sophomore
Subsidized: $4,500
Unsubsidized: $2,000 - $6,000*

Junior
Subsidized: $5,500
Unsubsidized: $2,000 - $7,000*

Senior
Subsidized: $5,500
Unsubsidized: $2,000 - $7,000*

Graduate
Subsidized: $8,500
Unsubsidized: $12,000
Stafford loans disbursed after July 1, 2006 and prior to July 1, 2008 are at a fixed rate of 6.8%, and are capped at 8.25%.   Subsidized Stafford Loans disbursed on or after July 1, 2009 are at a rate of 5.6% with unsubsidized loans at a fixed rate of 6.8%. 

Currently, pending congressional legislation states that New Direct Undergraduate Subsidized and Unsubsidized Loans disbursed on or after July 1, 2013 are at a rate of 6.8%. 

First-Time Direct Loan Borrowers Must Complete a Direct Loan MPN
You may complete a Direct Loan MPN electronically via the StudentLoans.gov Web site at https://studentloans.gov.  To complete a Direct Loan MPN electronically, you must have a Federal Student Aid PIN.  The Federal Student Aid PIN is the same PIN used to complete the Free Application for Federal Student Aid (FAFSA). You also have the option of completing a paper Direct Loan MPN available in the Financial Aid Office.

First-Time Student Loan Borrowers Must Complete Direct Loan Entrance Counseling

You may complete Direct Loan Entrance Counseling electronically via the StudentLoans.gov Web site at https://studentloans.gov.  A Federal Student Aid PIN is required to complete online Direct Loan Entrance Counseling.

PLUS Program
This plan provides loans to parents for undergraduate dependent college students. The interest rate is variable, but it will not exceed 9 percent. The annual limit is equal to the cost of attendance less any other financial aid which is received. The repayment of a PLUS loan generally begins 60 days after the final loan disbursement but payments can be deferred.

STATE AID

Ohio College Opportunity Grant (OCOG)
This program is for Ohio residents who were enrolled for the first time after July 1, 2006. To receive consideration applicants must complete the FAFSA prior to the State of Ohio's deadline of October 1, 2013.

PHEAA
Students from Pennsylvania should file a Free Application for Federal Student Aid (FAFSA) to apply for a Pennsylvania state grant. For questions about the PHEAA grant, students can call toll free while in the state of Pennsylvania at 1-800-692-7392 or long distance from Ohio at (717) 720-2800. PHEAA's mailing address is 1200 North Seventh Street, Harrisburg, Pennsylvania 17102-1444.


SCHOLARSHIPS

Jessing Scholarship Program
As a supplement to federal and state programs, the Pontifical College Josephinum makes financial aid available from its own resources and development efforts. These scholarships are distributed from various funds honoring specific donors, as noted below. They are available to all full-time students who are accepted as candidates for the priesthood by the Josephinum. Our founder dedicated his life to assisting students in need, particularly as he recalled his own journey to priesthood. For this reason, a significant amount of available funds are reserved for scholarships. In order to qualify for a Jessing scholarship, the FAFSA should be filed and all other avenues of aid must be thoroughly investigated.

Msgr. Jessing also recognized the importance of encouraging academic excellence and leadership skills. As priests are called to teach, to sanctify, and to lead in the Church, the Pontifical College Josephinum actively seeks to challenge, nurture, and develop the personal gifts candidates bring to vocational discernment and priestly formation. The Josephinum encourages gifted students and motivated leaders to put their best gifts at the service of the Church.

Second Century of Progress Scholarships
This program memorializes our founder's mission that no worthy candidate be denied a chance to study for the priesthood because of finances. In 1992, with the celebration of the Josephinum's centennial as a pontifical seminary, a special fund was established to assist students in need. Scholarships are disbursed in accord with the norms of state and federal programs.

Diocese of Columbus Scholarship
Established in 1992, students from the Diocese of Columbus were awarded scholarships based on their residence in Columbus, their need, and merit. Other criteria include academic records, Church involvement, and recommendations. This scholarship is renewable with a 2.5 GPA or better and can be used for tuition.

Mildred M. Daniel Memorial Scholarship
As part of the Mildred M. Daniel Memorial Endowment Fund, financial aid is given to students in need, with preference to students from Seneca County and northwest Ohio. Miss Daniel, a devout Catholic, was particularly interested in fostering vocations to the priesthood. This scholarship can cover tuition in whole or part and is renewable at the discretion of the administration provided that continued leadership in the Josephinum is coupled with a GPA of 2.5 or better.

Davis Family Scholarship Endowment in Memory of Arthur Prendergast
A scholarship endowment was established by the William H. Davis, Dorothy M. Davis and William C. Davis Foundation in memory of Arthur Prendergast, an attorney who for many years served as a member of and adviser to the Board of Trustees of the Josephinum. The recipients are known as the Arthur Prendergast Scholars. High school GPA and class rank, SAT/ACT scores and evidence of personal motivation are taken into account as additional criteria for the award. This scholarship may cover tuition and is renewable at the discretion of the administration provided that a GPA of 2.5 or better is maintained and significant contribution to the life of the seminary community is made by the applicant.

Virgil and Ann Dechant Scholarship
An alumnus of the Josephinum, Mr. Dechant has served as Supreme Knight of the Knights of Columbus. A former member of the Board of Trustees, he and his wife Ann have supported the Josephinum for many years. In 1992, the Bishops in the United States established a scholarship at the Josephinum in the Dechant's names for the purpose of assisting students in need who also demonstrate academic ability. Other criteria taken into consideration include high school GPA and class rank, SAT/ACT scores, and evidence of personal motivation in application essays, letters of recommendation, and previous life experiences. This scholarship may cover tuition and is renewable at the discretion of the administration provided that a GPA of 2.5 or better is maintained and significant contribution to the life of the seminary community is made by the applicant.

Monsignor Clarence M. DeRuntz Memorial Scholarship
In honor of our former Registrar and Alumni Director, this scholarship is awarded to college seminarians who have demonstrated academic ability in at least one year at the Josephinum. It is renewable and may be applied to tuition.

To apply for this scholarship, the FAFSA must be filed. High school GPA and class rank, SAT/ACT scores and evidence of personal motivation are taken into account as additional criteria for the award. This scholarship may cover tuition, room and board and is renewable at the discretion of the administration provided that a GPA of 2.5 or better is maintained and significant contribution to the life of the seminary community is made by the applicant.

Monsignor Clarence J. Klausing Memorial Scholarship
This scholarship is awarded on the basis of merit to a full-time student who has demonstrated superior academic achievement. Msgr. Klausing was an alumnus of the Josephinum, Class of 1936, and he taught classical languages at his alma mater for over 40 years. Criteria include high school GPA and class rank, SAT/ACT scores, and evidence of personal motivation in application essays, letters of recommendation, and previous life experiences. This scholarship covers tuition only and is renewable at the discretion of the administration provided that a GPA of 3.50 or better is maintained and significant contribution to the life of the seminary community is made by the applicant.

Anthony C. Ramm Scholarship
A close friend of the Josephinum's fifth rector, Monsignor Adrian F. Brandehoff, Mr. Ramm designated the scholarship to be awarded to the most academically qualified student beginning seminary training at the Josephinum. Criteria taken into consideration include high school GPA, class rank and SAT/ACT scores.

Monsignor Gilbert F. Schmenk Memorial Scholarship
This scholarship was established to honor a devoted alumnus who also served as the Josephinum's Treasurer and Vice Rector. A priest of the Diocese of Toledo, Msgr. Schmenk contributed significantly to the present financial stability of the Josephinum. Preference is given to students from the Diocese of Toledo on the basis of need.

William and Rose Geiger Hahn Endowed Scholarship Fund
A scholarship endowment was established by  Nick and Iris Hahn to subsidize the education and formation of seminarians at the Josephinum at the discretion of the President/Rector.

The Louis, Adelina, Peter and Amelita Mirolo Scholarship Fund
A scholarship Endowment was established through a bequest to the Josephinum to create a permanent full tuition scholarship for needy students.

Monsignor David Gernatt Scholarship Fund
An endowment scholarship fund was established by the family and friends of Monsignor David Gernatt to provide tuition, room and board to qualified students.  High School rank and SAT/ACT scores and personal motivation are taken into account for the award.

The Walsh Family Scholarship Fund
A scholarship Endowment was established through a bequest to the Josephinum to create a permanent scholarship for seminarians.

OTHER RESOURCES

Veterans Benefits
Often overlooked are many benefits available to veterans and to children of deceased veterans or those disabled in military service. In addition to the benefits offered directly by the Veterans Administration, others are available through their various service organizations, such as the American Legion, Veterans of Foreign Wars, and the Catholic War Veterans, and directly through the branches of the Armed Services. Any possible claim resulting from the current or past military service of the student or a member of the family should be investigated. This program is supervised by the Registrar.

Parent's Affiliation Financial Aid Opportunities
You may be surprised at the various potential sources of financial aid. Explore financial aid available through parents' workplaces, military benefits, or religious, ethnic, and fraternal organizations.

Web Sites
The following web sites allow you to conduct free scholarship searches:
www.scholaraid.com
www.collegeboard.com/paying

For additional information, please telephone (614-885-5585) or email Mrs. Marky Leichtnam, the Financial Aid Director at the Josephinum.